JPMorgan Ultra-Short Income ETF $JPST Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its holdings in JPMorgan Ultra-Short Income ETF (NYSEARCA:JPST) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 788,502 shares of the company’s stock after acquiring an additional 51,659 shares during the period. HighTower Advisors LLC owned about 0.12% of JPMorgan Ultra-Short Income ETF worth $40,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Millennium Management LLC lifted its position in JPMorgan Ultra-Short Income ETF by 23.0% during the first quarter. Millennium Management LLC now owns 248,373 shares of the company’s stock valued at $12,575,000 after purchasing an additional 46,400 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 1st quarter valued at about $3,603,000. Signature Estate & Investment Advisors LLC purchased a new position in shares of JPMorgan Ultra-Short Income ETF during the 2nd quarter valued at about $369,000. Avidian Wealth Enterprises LLC lifted its holdings in shares of JPMorgan Ultra-Short Income ETF by 19.1% in the 2nd quarter. Avidian Wealth Enterprises LLC now owns 24,495 shares of the company’s stock valued at $1,241,000 after buying an additional 3,922 shares during the period. Finally, VCI Wealth Management LLC boosted its stake in shares of JPMorgan Ultra-Short Income ETF by 13.5% in the second quarter. VCI Wealth Management LLC now owns 261,966 shares of the company’s stock worth $13,276,000 after buying an additional 31,181 shares during the last quarter. Institutional investors and hedge funds own 2.17% of the company’s stock.

JPMorgan Ultra-Short Income ETF Price Performance

JPMorgan Ultra-Short Income ETF stock opened at $50.71 on Wednesday. The business’s 50-day moving average price is $50.68 and its 200 day moving average price is $50.67. The firm has a market cap of $36.39 billion, a price-to-earnings ratio of 110.24 and a beta of 0.01. JPMorgan Ultra-Short Income ETF has a 52 week low of $50.30 and a 52 week high of $50.79.

JPMorgan Ultra-Short Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.1%. JPMorgan Ultra-Short Income ETF’s dividend payout ratio is 482.61%.

JPMorgan Ultra-Short Income ETF Company Profile

The JPMorgan Ultra-Short Income ETF (JPST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. JPST was launched on May 17, 2017 and is managed by JPMorgan Chase.